Features
PDVSA Hunts For Financing As Blackouts Dent Venezuelan Oil Production
Venezuela's state oil company is struggling to stay afloat.
Venezuela
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Emerging & Frontier Markets
Latin America: Back on Track
Good news from Latin America: With Brazil and Argentina coming out of the 2015-2016 recession, the region has returned to expansion mode and is expected to gain economic strength this year and next. The return of capital inflows and an apparent change in foreign direct investment (FDI) are the most evident signs that investors’ views of South and Central America have tilted more to the positive of late. The region is back on track.
Data
Latin America Back On Track
A nascent global recovery is improving prospects across Latin America and the Caribbean—albeit unevenly.Foreign direct investment is increasing, commodity prices have bottomed out, and six countries will hold presidential elections through the end of October.
Capital Raising & Corporate Finance
Venezuela Skirts US Sanctions By Issuing The Petro
To get around sanctions, Venezuelan president Nicolas Maduro is issuing an oil-and-reserves-backedcryptocurrency. If it succeeds, the ICO should provide the government with access to $6 billion. But cryptos are dicey.
Capital Raising & Corporate Finance
Venezuela’s Gamble Poses US Energy Security Risk
Venezuela’s state-owned oil company is struggling to make bond payments, and could put US oil company Citgo up for sale to Russia’s Rosneft.
Award Winners
Latin America Winners: A Need For Speed
Coverage of Latin Americaregionalwinners ofGlobal Financemagazine's 2017 awards for Best Treasury & Cash Management.
Features
Slow-Growth Mode In Latin America
Several of the region’s economies are gasping for breath or treading water—but not going under. Investors have simply discounted the bad news.
Emerging & Frontier Markets
Eyes On New Legislature For Venezuela
The opposition party in Venezuela won the majority of seats in the National Assembly (Venezuela’s parliament) in national elections early in December.
Banking
Continental Divide In Latin America
Regional Report | Latin America
The large economies on the east coast of Latin America—Brazil, Venezuela and Argentina—are slumping badly. Things are far different out west.
Emerging & Frontier Markets
PDVSA Scrambles To Make Up For Lost Oil Revenue
Milestones | Venezuela
Venezuela’s state-owned oil company, Petróleos de Venezuela, is being squeezed by low oil prices, and the government in Caracas is feeling the pain.
Capital Raising & Corporate Finance
Venezuela Completes $1 Billion Gold Swap With Citi
Commodities | Desperate for cash to purchase imports, oil-rich Venezuela pawned part of its gold reserves as collateral for a $1 billion loan from Citibank.
Capital Raising & Corporate Finance
VENEZUELA: FREE-FLOATING CURRENCY UNLIKELY TO STAVE OFF DEFAULT
Milestones | Venezuela
Venezuela’s introduction of a marginal free-floating currency system that will freely trade the US dollar and the bolivar seems unlikely to enlarge the country’s foreign exchange reserves or stem its growing external debt.